| Intangible assets |
As
of June 30, 2017 and December 31, 2016, intangible assets consisted of the following:
| |
|
|
|
|
June
30, 2017 |
|
|
December
31, 2016 |
|
| |
|
Estimated
Useful Life in Years |
|
|
Gross
Carrying Amount |
|
|
Accumulated
Amortization |
|
|
Net
Carrying
Value
|
|
|
Gross
Carrying Amount |
|
|
Accumulated
Amortization |
|
|
Net
Carrying
Value
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
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|
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|
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| Amortized
Intangible Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Customer
Relationships |
|
5 to
12 |
|
|
$ |
8,960,700 |
|
|
$ |
(1,218,528 |
) |
|
$ |
7,742,172 |
|
|
$ |
8,960,700 |
|
|
$ |
(780,960 |
) |
|
$ |
8,179,740 |
|
| Trade
Brands and Patent |
|
2 to
8 |
|
|
|
498,598 |
|
|
|
(145,757 |
) |
|
|
352,841 |
|
|
|
498,598 |
|
|
|
(91,061 |
) |
|
|
407,537 |
|
| Dispensary
License |
|
14 |
|
|
|
10,270,000 |
|
|
|
(916,965 |
) |
|
|
9,353,035 |
|
|
|
10,270,000 |
|
|
|
(550,179 |
) |
|
|
9,719,821 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total
Amortized Intangible Assets |
|
|
|
|
|
|
19,729,298 |
|
|
|
(2,281,250 |
) |
|
|
17,448,048 |
|
|
|
19,729,298 |
|
|
|
(1,422,200 |
) |
|
|
18,307,098 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unamortized
Intangible Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Trade
Name |
|
Indefinite |
|
|
|
5,320,000 |
|
|
|
|
|
|
|
5,320,000 |
|
|
|
5,320,000 |
|
|
|
|
|
|
|
5,320,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total
Unamortized Intangible Assets |
|
|
|
|
|
|
5,320,000 |
|
|
|
|
|
|
|
5,320,000 |
|
|
|
5,320,000 |
|
|
|
|
|
|
|
5,320,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total
Intangible Assets |
|
|
|
|
|
$ |
25,049,298 |
|
|
$ |
(2,281,250 |
) |
|
$ |
22,768,048 |
|
|
$ |
25,049,298 |
|
|
$ |
(1,422,200 |
) |
|
$ |
23,627,098 |
|
|